PowerShares Dynamic Media Portfolio (PBS)

Investment Objective

The investment seeks to track the investment results (before fees and expenses) of the Dynamic Media IntellidexSM Index.
The fund generally will invest at least 90% of its total assets in common stocks of media companies that comprise the underlying intellidex. The underlying intellidex was composed of common stocks of 3 U.S. media companies. These are companies that are principally engaged in the development- production- sale and distribution of goods or services used in the media industry. The fund is non-diversified.